Ceconomy (OTCMKTS:MTTRY) Shares Break Below 200 Day Moving Average – Here’s Why

Ceconomy (OTCMKTS:MTTRY – Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $0.85 and traded as low as $0.7727. Ceconomy shares last traded at $0.7727, with a volume of 315 shares traded.

Ceconomy Trading Down 14.8%

The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 3.04. The company has a fifty day simple moving average of $0.83 and a 200-day simple moving average of $0.85. The company has a market capitalization of $1.87 billion, a PE ratio of 193.66 and a beta of 1.10.

Ceconomy Company Profile

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Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of MediaMarktSaturn, one of Europe’s largest specialist retail groups. Through the MediaMarkt and Saturn brands, the company sells consumer electronics, information technology products, telecommunications equipment, household appliances, entertainment products and related accessories.

Ceconomy serves customers through a combination of physical stores and e-commerce platforms. Its services include product delivery, installation, repair, technical support, financing and other solutions designed to complement the sale of electronic devices.

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